DALLAS, Aug. 25, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring interactive software company THQ Inc. (Nasdaq:THQI). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on THQ Inc. (Nasdaq:THQI) should be of particular interest to other software companies: Activision Blizzard Inc. (Nasdaq:ATVI), Microsoft Corp. (Nasdaq:MSFT), Oracle Corp. (Nasdaq:ORCL) and Electronic Arts Inc. (Nasdaq:ERTS).
It is available at: http://www.beaconequity.com/i/THQI
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THQ Inc. (THQI) engages in the development and publishing of interactive entertainment software worldwide, such as Microsoft Xbox 360, Nintendo Wii, Sony PlayStation 3, and Sony PlayStation 2. The Company offers interactive software for handheld platforms, including Nintendo Dual Screen, Game Boy Advance and PSP portable entertainment system.
In the report, the analyst notes:
"Despite the weakness in the video games sector, THQI posted strong revenue growth in the Company's first quarter of 2010, increasing nearly 77% from the same quarter last year. Revenue growth was driven by strong releases from 'UFC 2009 Undisputed' and 'Red Faction: Guerrilla,' and turned a previous fourth-quarter 2009 loss into a 9-cent first-quarter profit for fiscal 2010.
"Analysts see a lull in the Company's revenue growth, following the announcement of competitor Activision Blizzard's new line-up of releases and an anticipated void in THQI's inventory, as well as expected revenue weakness from the Company's prior game releases. Contrastingly, competitors have struggled in the latest quarter, citing weaker sales of existing inventory. Consumers have drastically cutback on spending for entertainment, but more pointedly, have reserved spending awaiting new game releases."
To read the entire report visit: http://www.beaconequity.com/i/THQI
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